NOT LISTED FOR SALE
6 Beds
6 Baths
5,289 Sq Ft
2,463 Sq Ft Lot

Sale Details

Date Sold: April 3, 2012

Last sale price $550,000 $104 Per Sq Ft

99 Days on Market

Highlights

  • 0.06 Acre Lot
  • Traditional Architecture
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • Carpet

About This Home

As of April 2012

Three story building in the heart of downtown Long Beach. Large one bedroom units. Need interior work. Units are dated.

Last Agent to Sell the Property

Jack Bliss

J & P Realty License #00479584 Listed on: 08/22/2011

Last Buyer's Agent

CHRIS STONE

SOUTHLAND REALTORS License #01890926

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 2,463

Home Design

  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,289 Sq Ft Home
  • Carpet
  • Window Bars

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • Parking Available
  • No Driveway

Additional Features

  • 2,463 Sq Ft Lot
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 28
  • Tax Tract Number 5762
  • Assessor Parcel Number 7281010016

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Insurance Expense $1,400
  • Maintenance Expense $2,280
  • Professional Management Expense $2,000
  • Trash Expense $480
  • Water Sewer Expense $1,440
  • New Taxes Expense $7,500
  • Gross Income $3,800
  • Net Operating Income $30,050

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

2,463 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2000.00
  • Security: Window Bars
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1440.00
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 7281010016
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Levels: Three Or More
  • Price Per Square Foot: 103.99

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: No Driveway

Utilities

  • Utilities: Natural Gas Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 480.00

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Size Sq Ft: 2463.00
  • Lot Size Acres: 0.0600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 881
  • Electric Expense: 200.00
  • Gross Income: 3800.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 2463.0000 Square Feet
  • Maintenance Expense: 2280.00
  • Net Operating Income: 30050.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 15550.00
  • Rent Control: No
  • Total Actual Rent: 3800.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Lot: 28
  • Tax Tract Number: 5762
  • Tax Year: 2010

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,000
Interest Rate
0.0383%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 11, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 2001
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 1999
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 Fatcola
-- --
-- --
$240,000 Commonwealth Land Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,225,000
Closed $1,000,000
Closed $800,000
Closed $1,280,000
Closed $675,750
Closed $515,000
Closed $300,000
Closed $422,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/03/2012 04/03/12 Sold $550,000 -12.0% $104 / Sq Ft
11/29/2011 11/29/11 Pending -- -- --
08/22/2011 08/22/11 For Sale $625,000 -- $118 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,131 $690,818 $282,606 $408,212
2024 $10,612 $677,273 $277,065 $400,208
2023 $10,396 $663,994 $271,633 $392,361
2022 $9,794 $650,975 $266,307 $384,668
2021 $9,368 $638,212 $261,086 $377,126
2019 $9,200 $619,705 $253,343 $366,362
2018 $8,961 $607,563 $248,376 $359,187
2016 $8,241 $583,569 $238,732 $344,837
2015 $7,930 $574,805 $235,147 $339,658
2014 $7,886 $563,546 $230,541 $333,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S11110887

California Regional Multiple Listing Service (CRMLS)
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